MML Investors Services LLC Purchases 362,291 Shares of iShares Silver Trust $SLV

MML Investors Services LLC raised its position in iShares Silver Trust (NYSEARCA:SLV) by 34.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,402,204 shares of the exchange traded fund’s stock after buying an additional 362,291 shares during the quarter. MML Investors Services LLC’s holdings in iShares Silver Trust were worth $90,330,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Sarver Vrooman Wealth Advisors bought a new stake in shares of iShares Silver Trust during the 4th quarter valued at $30,000. Intesa Sanpaolo Wealth Management bought a new stake in shares of iShares Silver Trust during the 4th quarter valued at $32,000. Rialto Wealth Management LLC bought a new stake in shares of iShares Silver Trust during the 4th quarter valued at $33,000. Sfam LLC bought a new stake in shares of iShares Silver Trust during the 4th quarter valued at $33,000. Finally, BOK Financial Private Wealth Inc. bought a new stake in shares of iShares Silver Trust during the 4th quarter valued at $34,000.

iShares Silver Trust Stock Performance

NYSEARCA:SLV opened at $61.29 on Monday. iShares Silver Trust has a 52-week low of $32.06 and a 52-week high of $109.83. The firm has a market cap of $34.69 billion, a price-to-earnings ratio of -8.51 and a beta of 0.45. The business’s fifty day moving average is $68.35 and its 200 day moving average is $69.69.

iShares Silver Trust Profile

iShares Silver Trust (the Trust) owns silver transferred to the Trust in exchange for shares issued by the Trust. The Trust’s each share represents a fractional undivided beneficial interest in its net assets. The assets of the Trust consist of silver held by the Trust’s custodian on behalf of the Trust. The activities of the Trust are limited to issuing baskets of shares in exchange for the silver deposited with the custodian as consideration, selling silver as necessary to cover the sponsor’s fee, Trust expenses not assumed by the sponsor and other liabilities, and delivering silver in exchange for baskets of shares surrendered for redemption.